November 15th, 2024
A left-wing dark money network, known for its secretive funding operation, raised more than $1.3 billion in anonymous donations to fund progressive projects in 2023, according to tax filings reviewed by Fox News Digital.
Arabella Advisors, a billion-dollar, Washington, D.C.-based consulting network, consists of six nonprofits: New Venture Fund, Sixteen Thirty Fund, Windward Fund, Hopewell Fund, North Fund and Telescope Fund. In total, the groups acquired about $1.35 billion in 2023 alone and the six funds collectively sent nearly $1.5 billion that same year in grants to other organizations, tax filings show.
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The latest expenses include hundreds of millions of dollars in funding for internally managed initiatives, meaning the network spent well over $1 billion to support various liberal causes on top of operational costs such as salaries.
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New Venture Fund, the largest nonprofit in the network, raised $669 million while the Windward Fund, a “climate resilience” group, received $212 million in secret donations. Combined, the groups spent about $1.1 billion in 2023.
The Sixteen Thirty Fund, a group “committed to tackling society’s biggest social challenges” such as climate change and gun reform, brought in $181 million, spending about $141 million.
The North Fund, which received $59 million last year, funds projects related to LGBTQ+-related initiatives, the environment and “gender equity.” The group reported spending about $39 million last year.
The Hopewell Fund brought in about $157 million, while the Telescope Fund raised over $69 million in donations last year. The two groups together spent about $193 million.
Combined, the nonprofits also sent back about $48 million to their firm, Arabella Advisors.
The network sent about $17 million to Democratic attorney Marc Elias’ firm, Elias Law Group, from both the Hopewell Fund and the North Fund,
The Windward Fund sent $2.2 million to the China-tied Rocky Mountain Institute, a group with ties to the Biden White House that is working to ban gas stoves.
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“Year after year the undisputed kings of dark money — the Arabella Advisors network — rake in over a billion dollars to fund their radical leftwing policy pushes across the country,” Americans for Public Trust Executive Director Caitlin Sutherland told Fox News Digital in a statement. “For people who claim to want to ban dark money, liberals sure have no problem when it funds their own team.”
